View on market: Stay Cautious, be with quality business:
Most Asian stocks dipped Tuesday on concerns about elevated inflation stoked by energy costs and the possibility of a widening Chinese crackdown on private industry. Treasury yields were steady. Shares fell in Japan and South Korea, but edged up in Australia. U.S. futures retreated after the S&P 500 and Nasdaq 100 declined for a second day. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.52% to 17,867 as of 8:10 a.m.
Economic Calender:
- INR: CPI (YoY) (Sept) on 12th October, 2021.
- INR: Cumulative Industrial Production (Aug) on 12th October, 2021.
- INR: WPI Inflation (YoY) (Sept) on 14th October, 2021.
- USD: Core CPI (MoM) (Sep) on 13th October, 2021.
- USD: PPI (MoM) (Sep) on 14th October, 2021.
Earnings: GM Breweries, JTL Infra
Results:
HFCL Q2 FY22 (Consolidated, QoQ): Revenue down 7% at Rs 1,122.05 crore Vs Rs 1,206.87 crore Net profit down 7% at Rs 81.61 crore Vs Rs 87.83 crore Ebitda down 9% at Rs 169.15 crore Vs Rs 186.25 crore Margin at 15.1% Vs 15.4%.
Tata Metaliks Q2 FY22 (QoQ): Revenue up 7% at Rs 644.84 crore Vs Rs 602.97 crore Net profit down 42% at Rs 54.62 crore Vs Rs 94.72 crore Ebitda down 35% at Rs 99.79 crore Vs Rs 153.51 crore Margins at 15.5% Vs 25.5%
International Markets:
U.S & Europe
| Particulars | 11th Oct | Chg | Chg(%) |
| Nasdaq | 14,486.20 | -93.34 | -0.64 |
| Dow | 34,496.06 | -250.19 | -0.72 |
| FTSE | 7,146.85 | 51.30 | 0.72 |
| CAC | 6,570.54 | 10.55 | 0.16 |
| DAX | 15,199.14 | -6.99 | -0.05 |
| Dow Fut.* | 34,247.00 | -129.00 | -0.38 |
Asian markets:
| Particulars | 12th Oct | Chg | Chg(%) |
| SGX Nifty | 17,867.00 | -94.00 | -0.52 |
| Nikkei | 28,232.32 | -265.88 | -0.93 |
| Straits Times | 3,100.22 | -13.27 | -0.43 |
| Hang Seng | 25,112.97 | -212.12 | -0.84 |
| Shanghai | 3,568.99 | -22.72 | -0.63 |
ADR Watch:
| Particulars | 11th Oct | Chg | Chg(%) |
| Dr Reddy | 64.44 | 0.12 | 0.19 |
| HDFC Bank | 72.60 | -0.10 | -0.14 |
| ICICI Bank | 18.77 | 0.15 | 0.81 |
| Infosys | 21.82 | -0.11 | -0.50 |
| Tata Motor | 28.06 | 1.71 | 6.49 |
| Wipro | 8.83 | 0.01 | 0.11 |
Commodities & Currency
| Particulars | Current Price | Chg(%) |
| USD/INR | 75.48 | 0.37 |
| Brent | 83.55 | -0.12 |
| Gold | 1759.05 | 0.19 |
| Silver | 22.642 | -0.10 |
FIIs & DII
| Particulars | 11th Oct | 8th Oct |
| FIIs | -1303.22 | -64.01 |
| DIIs | -373.28 | -168.19 |
Brokerage Radar:
CLSA ON BHARTI AIRTEL: Maintain buy at the price of Rs 691 for the target price of Rs 810. Cashback offer on 150 smartphones; likely to be ARPU accretive. Cashback offer will boost 4G subscriber additions & reduce churn. Timing is a positive too ahead of Jiophone next launch in November. Retain their Bharti forecasts of over 50% EBITDA growth By FY24.
GOLDMAN SACHS ON RADICO KHAITAN: Maintain buy at the price of Rs 1022 for the target price of Rs 1144. Co has launched magic moments dazzle vodka & royal Ranthambore whisky. Both products will potentially fill up a couple of the product gaps. New launches will allow co to further build on the brand goodwill.
News Update:
Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
Zee Entertainment Enterprises: In an open letter to the Zee Entertainment’s shareholders, Invesco Fund has raised questions regarding its management, governance and value destruction.
TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
Hero MotoCorp: Aligned to its aggressive growth strategy in the scooter segment, Hero MotoCorp has launched the new Pleasure+ ‘XTec’.
Rane Madras:The company will acquire steering and components division of Yagachi Technologies which is a part of the Hical Group.
Vodafone Idea: Aditya Birla Group chairman Kumar Mangalam Birla is considering infusing some of his own capital into Vodafone Idea while the Vodafone Group may sell at least a part of its stake in tower firm – Indus Towers – and channel the proceeds into the loss-making telco. This will be followed by external funding, said a media report.
Source: Moneycontrol, Livemint,, Bloomberg, Investing
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